With the Fed taking action to raise rates and choke off inflation, the nation’s top economists forecast that economic growth will slow to 1.6% this year and 1.5% in 2023, before rising to 2% in 2024, according to ABA’s Economic Advisory Committee.
ABA Economic Advisory Committee Chair Richard DeKaser offers the EAC’s consensus forecast that the Fed will indeed stick the landing, reducing inflation gradually without harming employment or causing a recession.
Top economists from the largest U.S. banks expect credit market conditions to weaken amid high inflation, according to the American Bankers Association’s Credit Conditions Outlook released today.
Top economists from the largest U.S. banks expect credit conditions to continue improving for both consumers and businesses over the next six months, according to ABA’s Credit Conditions Outlook released today.
The nation’s top economists forecast that economic growth will slow from 5.5% last year to 3.3% in 2022 and 2.3% next year, according to the American Bankers Association’s Economic Advisory Committee.
Top economists from the largest U.S. banks expect credit conditions to continue improving for both consumers and businesses over the next six months, according to ABA’s Credit Conditions Outlook released today.
With the Consumer Price Index rising 5.4% year-on-year in September, questions continue to simmer about how persistent and long-lasting inflation will be.
While delinquency rates and other indicators of consumer financial stress may rise as COVID-19 support programs are phased out, most consumers appear to be in good financial shape.
Top economists from the largest U.S. banks anticipate a sustained rebound in consumer and business credit market conditions over the next six months, according to ABA’s Credit Conditions Outlook released today.
Economics may be the so-called dismal science, but the latest forecast of ABA’s Economic Advisory Committee is anything but.